Mobile Customer Lifecycle Management – An Excerpt
Posted on : 13-07-2009 | By : Skylar Ethan | In : CRM
Tags: CLM, Customer Life Cycle, Mobile Customer Lifecycle Management
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Customer Life Cycle (CLM) is an integral part of customer relationship management (CRM). When it comes to mobile business today’s consumers have several choices with various mobile operating companies mushrooming across the globe. Hence building good customer relationship through customer life cycle is a must in order to survive in this business.
What is It?
In expert’s language – the term, customer life cycle implies the interlinked stages “a customer goes through when considering, purchasing, using, and maintaining loyalty to a product or service.” To make it simple – attracting potential customers, conveying what’s in offer for them, turning them into actual buyers and retaining them as loyal customers – are the basics of CLM.
Why it is Needed?
Rapid evolution of technology and changing behavioural patterns of mobile users call for a comprehensive solution for meeting customer’s demand in the business of mobile phone and services and Mobile Customer Lifecycle Management is the answer to it.
How It Helps?
Maximizing marketing resources is the main objective of customer lifecycle management. Implementing mobile customer lifecycle management system helps to identify the prospective customers who would benefit from the new products and service packages. In turn, you get the opportunity to understand customers’ psyche and prepare an attractive promotional campaign to make the most of it.
This analysis also helps in improving customer retention, thus making customers move through the cycle again and again, which is the ultimate goal of CRM.
